In 2019, the UK’s Information Commissioner’s Office issued fines of £183M to British Airways and £99M to Marriott International for their widely publicised data breaches. This blog highlights the opportunities for cyber insurers to step in as trusted client advisors to address complex data issues.
In this Q&A, Bruno Laval, Regional Head – Europe, Insurance at AXA XL, explains how he and his teams are responding to the challenges faced by clients across Europe and how our combined offering is giving them access to even greater capabilities and expertise.
Based on research conducted by Markel, 69% of the risks from non-technology specialist carriers do not have the appropriate level of cover or extensions. This infographic highlights how brokers can ensure that their technology clients have appropriate cover in place.
When Thai electronics firm, Hana, suffered devastating floods in 2011, production losses drove down profits whilst their customers looked elsewhere for new suppliers. A 5 year ‘drought’ in sales followed just 9 days of flooding, leaving business stakeholders to renew their focus on risk mitigation.
With advancements in the InsureTech space, there are many new opportunities opening up to motor insurance providers which can more accurately calculate risk and streamline claims processes leading to lower premiums. This article sheds light on the latest trends which are re-shaping motor insurance.
Global business leaders illustrate the business interruption and global impact arising from risks to intangible assets.
Shareholders today are holding company CFOs accountable for delivering effective risk mitigation projects. Our recent analysis is proving that risk management strategies tend to produce a significant ROI. These findings will encourage the C-suite to focus on disaster recovery and not just growth.
Whether it occurs in a small developing economy, a petrostate or a G20 nation, corruption is a costly problem. This article looks at the costs of corruption and the steps project lenders, investors and developers can take to mitigate the risks associated with riskier geographies.
African swine fever has, since 2018 resulted in more than 950,000 pigs dying or being culled in China. With the threat of ASF spreading, this article outlines the strategies being used to stem the spread of disease and how insurers can help clients to minimise the financial impact.
This blog highlights how insurers are already making use of the Internet of Things (IoT) in motor insurance and how IoT can help insurers manage risks and claims in other areas including residential property, commercial property and general liability.